In Avengers: Infinity War the character Thanos seeks to use the power of the infinity stones to eliminate half the people in the universe. If output of the universe can be modeled by y= A× F(K.L) where F(K.I) = K1/3, 2/3 with an initial K = 100, L = 100, and A = 1, then how much would output change if Thanos gets his wish? (Calculate the percent change and give your answer as a decimal. It will be negative because output will be lower.)
In Avengers: Infinity War the character Thanos seeks to use the power of the infinity stones to eliminate half the people in the universe. If output of the universe can be modeled by y= A× F(K.L) where F(K.I) = K1/3, 2/3 with an initial K = 100, L = 100, and A = 1, then how much would output change if Thanos gets his wish? (Calculate the percent change and give your answer as a decimal. It will be negative because output will be lower.)
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 10SQP
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